IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH (WJFIR )

E-ISSN 2550-7125
P-ISSN 2682-5902
VOL. 7 NO. 4 2023
DOI: https://doi.org/10.56201/wjfir.v7.no4.2023.pg101.120

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Chief Executive Officer (CEO) Characteristics and Financial Performance of Quoted Non-Financial Firms in Nigeria

Lawrence, U. Egbadju

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Abstract

This study investigates the impact of accounting conservatism on firm financial performance in Nigeria. The study covers the period from 2005 to 2020 of seventy six firms listed on the floor of the Nigerian Exchange Group (NXG). The results of the generalized method of moments (GMM) reveal that while four of the variables CEO compensation, CEO with military experience, CEO age and CEO tenure are positively significant with firm performance (ROA); another five of the variables CEO shareholdings, CEO experience, CEO nationality, CEO with financial expertise and CEO reputations on award are negatively significant with firm performance (ROA) but CEO gender diversity is insignificant. The study concludes with some recommendations.

keywords:

CEO Characteristics, Firm Performance, Quoted Non-Financial Firms, GMM, NXG.

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